EQUIFAX/FICO ALLIANCE APPOINTS JAKE RANSON AS HEAD OF BUSINESS OPERATIONS
London, July 2012 - Equifax has appointed Jake Ranson as Head of Business Operations on the Equifax/FICO Alliance, providing clients with a key point of contact for initiatives being delivered in partnership by the two companies.
Working with Equifax clients in the banking and financial services sectors for the last seven years, Jake has an in-depth understanding of the analytical and management needs of the consumer and business credit markets. In his new role, he is helping clients from all industries to understand how the Alliance supports their growth as they navigate through a tough regulatory environment.
The Equifax/FICO Alliance was created in May 2011 to challenge the status quo in the risk management arena, delivering new solutions that are not possible from any single provider. Building on a 10-year track record of collaboration by the two companies in the UK, many lenders and other credit providers have already embraced the innovation that has come as a result of the Alliance.
Jake will work with businesses across a number of industry sectors to identify the needs and opportunities for the solutions offered through the Alliance and facilitate streamlined implementation as new client projects go live.
Commenting on his new appointment, Jake Ranson said: “I have already consulted with a number of clients to give them insight into the competitive advantages and efficiencies they can gain from the Alliance. The feedback we have gathered from these discussions is now driving and shaping the innovation coming from the Alliance to confront the challenges our clients face.
“I am very excited by the opportunity to bring to market the array of analytically advanced solutions from the Alliance. These combine Equifax’s superior data and consulting capabilities with FICO’s world-class predictive analytics and decision management software, and capitalise on both companies’ market leadership in credit scoring.”
Jake’s new role mirrors the position of Brian Cooper, a Senior Director for the Alliance, who has 15 years experience in the FICO organisation.
More information about the partnership’s joint solutions is available at www.efxfico.com.
About Equifax (www.equifax.com)
Equifax is a global leader in consumer, commercial and workforce information solutions, providing businesses of all sizes and consumers with information they can trust. We organize and assimilate data on more than 500 million consumers and 81 million businesses worldwide, and use advanced analytics and proprietary technology to create and deliver customized insights that enrich both the performance of businesses and the lives of consumers.
Headquartered in Atlanta, Equifax operates or has investments in 18 countries and is a member of Standard & Poor’s (S&P) 500® Index. Its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. For more information, please visit www.equifax.com.
FICO (NYSE:FICO), formerly known as Fair Isaac, delivers superior predictive analytics solutions that drive smarter decisions. The company’s groundbreaking use of mathematics to predict consumer behavior has transformed entire industries and revolutionized the way risk is managed and products are marketed. FICO’s innovative solutions include the industry-leading solutions for measuring credit risk, managing credit accounts, identifying and minimizing the impact of fraud, and customizing consumer offers with pinpoint accuracy. Most of the world’s top banks, as well as leading insurers, retailers, pharmaceutical companies and government agencies, rely on FICO solutions to accelerate growth, control risk, boost profits and meet regulatory and competitive demands. Learn more at www.fico.com. FICO: Make every decision count™.
For FICO news and media resources, visit www.fico.com/news.
Statement Concerning Forward-Looking Information
Except for historical information contained herein, the statements contained in this news release that relate to FICO or its business are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the success of the Company’s Decision Management strategy and reengineering plan, the maintenance of its existing relationships and ability to create new relationships with customers and key alliance partners, its ability to continue to develop new and enhanced products and services, its ability to recruit and retain key technical and managerial personnel, competition, regulatory changes applicable to the use of consumer credit and other data, the failure to realize the anticipated benefits of any acquisitions, continuing material adverse developments in global economic conditions, and other risks described from time to time in FICO’s SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2011 and its last quarterly report on Form 10-Q for the period ended March 31, 2012. If any of these risks or uncertainties materializes, FICO’s results could differ materially from its expectations. FICO disclaims any intent or obligation to update these forward-looking statements.
FICO and “Make every decision count” are trademarks of Fair Isaac Corporation in the US and other countries.
Media - FICO:
Irina McGurk for FICO
+44 (0)20 7759 2021
Media - Equifax:
Wendy Harrison or Jenny Thorneywork
+44 (0)20 8977 9132